In the UK, the Enhanced Capital Allowance (ECA) scheme allows businesses to claim enhanced tax relief for investing in energy efficient equipment.
In the 2018 Budget, the Chancellor announced the closure of the ECA scheme from 1st April 2020. The revenue saved by this will be used to fund the Industrial Energy Transformation Fund.
It is disappointing to note that as of yet no replacement has been announced, leaving no meaningful incentive for investment in energy-efficient products.
Many of Low Energy Designs customers have benefited from this scheme by claiming 100% tax relief in the first year after investing in Low Energy Designs energy efficient luminaires.
You still have time to apply! Claim 100% tax relief when you install our LED lighting before March 31st 2020!